30/07/2026
𝐂𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐋𝐢𝐯𝐞𝐬 𝐓𝐡𝐫𝐨𝐮𝐠𝐡 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧: 𝐓𝐡𝐞 𝐌𝐀𝐃𝐂𝐚𝐬𝐡 𝐒𝐭𝐨𝐫𝐲
Access to capital can change the course of someone's life. But for many women in Malaysia, getting that opportunity has never been straightforward.
That's the gap Nuraizah Shamsul Baharin set out to solve through MADCash, Malaysia's first fintech platform built specifically for women micro-entrepreneurs.
Built on the Islamic finance principle of Qard Hasan, MADCash provides zero-interest microfinancing alongside entrepreneurship programmes, business training, and an online academy. Its mission is to help women build sustainable businesses and achieve financial independence.
Since launching in 2020, MADCash has grown from a RM3,000 pilot supporting three women into a platform that has disbursed over RM4 million, trained more than 1,500 women, and funded 1,500 micro-businesses across all 13 states in Malaysia.
Today, it has also expanded into Singapore and Tajikistan.
By combining access to financing with education and mentorship, MADCash is addressing a longstanding gap faced by women entrepreneurs who are often underserved by traditional financial institutions.
𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐀𝐥𝐨𝐧𝐠 𝐭𝐡𝐞 𝐖𝐚𝐲
Building MADCash wasn't easy. Because the platform offers zero-interest financing, many investors questioned whether the model could be financially sustainable.
However, that changed when Aizah won an award in Dubai, giving MADCash greater visibility and opening conversations with investors. Along the way, she refined the business model while staying true to its mission of serving underserved women entrepreneurs.
Those lessons helped MADCash secure funding without compromising the values it was built on.
𝐖𝐡𝐲 𝐀𝐫𝐭𝐞𝐦 𝐕𝐞𝐧𝐭𝐮𝐫𝐞𝐬 𝐁𝐞𝐥𝐢𝐞𝐯𝐞𝐝 𝐢𝐧 𝐌𝐀𝐃𝐂𝐚𝐬𝐡
Aizah's journey with Artem Ventures started with a conversation. After meeting Artem Ventures' Partner, Tunku Omar Asraf and sharing the vision behind MADCash, he found the company and its mission compelling.
Aizah later invited him to an event where MADCash was showcasing its work, giving him the opportunity to see firsthand how the company was creating impact. From there, the conversation continued, and the partnership began to take shape.
"This is what financial inclusion at scale looks like. MADCash provides zero interest microfunds to women entrepreneurs who are unbanked or underbanked, a segment that traditional financial institutions have long overlooked.
This addresses a real credit gap not just in Malaysia, but across the broader SEA region," says Tunku Omar Asraf, Partner, Artem Ventures.
The journey is far from over. As MADCash continues to grow, Aizah is currently raising funds to bring its model to more women entrepreneurs who need access to capital, support, and opportunities to grow sustainable businesses.
To learn more about MADCash or connect with Aizah, reach out to her on LinkedIn.